Asia-Pacific and Africa: One-eighth of disaster losses in the region in 2023 are insured

Published on January 11, 2024
Losses from natural disasters in the Asia-Pacific and Africa region totalled $64bn in 2023, slightly lower than the $66bn seen in the previous year, says reinsurance giant Munich Re. Approximately
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HDI Global Specialty takes control of MGA Falcon Risk

January 10, 2024
HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC’s share in managing general agency (MGA) Falcon Risk Holdings LLC.Falcon Risk was established by Chief Executive Officer (CEO) Craig Landi, Griffin Highline, and HDI in 2021.HDI also provides insurance underwriting capacity to Falcon Risk, which has a focus on under

Japan: Fitch says 1 Jan quake losses likely to be small

January 11, 2024
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula on 1 January 2024 are likely to be small, with no major impact on Japanese non-life